 | QE holds investment
forum in New York THE two-day forum, organised
by Qatar Exchange in cooperation
with Morgan Stanley, concluded
successfully in New
York on Thursday.
Several meetings between the
companies listed on Qatar
Exchange and investment fund...
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| | Deadline looms but Qantas
dispute may drag: Experts |
 THE deadline on talks to
resolve Qantas´s bitter dispute
with unions, which culminated
in last month´s extraordinary
shutdown of the airline,
expires on Monday but
experts say a final deal could
be months away.
Australia´s industrial arbiter
Fair Work Australia gave the
"Flying Kangaroo" and three
angry employee unions 21
days to negotiate to end their
battle over wages and conditions
after the airline´s
unprecedented grounding.
Qantas chief executive Alan
Joyce, who stranded tens of
thousands of passengers
worldwide in a move the government
said threatened the
national economy, has said he
is optimistic of a resolution by
the deadline... |
| | Doubts rise over EFSF as
ECB comes under pressure |  ECONOMISTS are increasingly
questioning the relevance
of the eurozone rescue
fund as pressure builds on the
European Central Bank
(ECB) to lead a lasting and
massive debt crisis response.
The European Financial
Stability Facility (EFSF),
which uses 440 billion euros
of government guarantees to
borrow on markets for subsequent
lending to bailed-out
Greece, Ireland and Portugal,
"has no credibility" with
traders, said Belgian economics
professor Paul De Grauwe.
The fund, worth $595 billion
at current exchange rates,
was born out of the first phase
of the Greek debt crisis 18
months ago but has constantly
appeared behind the curve
as financial market... |
| | Egypt stocks tumble on Cairo unrest |  EGYPT´S benchmark stock
index tumbled more than 2
percent on Sunday as clashes
between protesters and security
forces entered their second
day and rattled investor
confidence in the country´s
already stumbling economy.
The Egyptian Exchange´s
EGX30 index was down 2.45
percent, or at 4,023 points,
by 12:15 p.m. on the first day
of the work week in the country.
The slide built on a week
of declines that have helped
push the index´s year-to-date
losses to almost 44 percent.
The index had tumbled
almost 3 percent earlier in
the day, but recouped some
of the losses.
Brokers attributed the drop
to the clashes between rockthrowing
protesters and security... |
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